Class:
Team: Norway
Table Of Contents
1. General Characteristics 3 2. Norway’s Economic Structure 6 2.1 The output structure 6 2.2 Current account characteristics 7 3. Current and foreseeable macroeconomic situation 9 3.1 Macro Economic Indicators 9 3.2 Economic crisis 10 4. Special Issues 11 5. The Country Risk Index for Philips Patient Monitors in Norway 12 5.1 The Country Risk Index 12 5.1.1 GDP 12 5.1.2 Government Expenditure 12 5.1.3 Exchange Rate 12 5.1.4 Interest rate 13 6. Conclusion and Advice 13 7. Appendix 1, The Dutch Labour market 14 8. Other Appendixes 15 9. List of references 15 10. Articles 16 Krone falls sharply after Norway cuts rates 16 Summary of the Article: 17
1. General Characteristics
Geographic, demographics and climate
Source: http://geography.about.com/library/cia/blcnorway.htm
Norway is situated in the western and northern parts of the Scandinavian Peninsula in northern Europe, with 324,220 km², 7 times bigger than the Netherlands with 41,526 km². It is ranked as the third richest country in the world with a GDP PPP of 52 964 (2010 est. current international dollars). Norway is even richer than the Netherlands which is ranked number 9 with a GDP PPP of 40 601. And the most important economic region in Norway, to be considered for Export opportunities are Oslo, the capital (pop. 599,230), Bergen (260,392 pop), Trondheim (pop. 173,486), And Stavanger (126,021).
For years, Oslo has been on the spotlight for export opportunity because of its great potential economic wise. However recently, Stavanger is becoming the most attractive region and also currently known as the richest, which accounts for approximately 70% of the country’s total Gross National Product. And even SSB reported that 41% of the households in Stavanger could claim after-tax income of more than NOK 550,000 (around USD 100,000 at current exchange